logo
Share SHARE
FONT-SIZE Plus   Neg

E.ON To Get Gross Proceeds Of EUR 1.35 Bln From Capital Increase

E.ON SE (EONGY.PK) increased its share capital by partial utilisation of its authorized capital from 2.00 billion euros by 200.099 million euros to 2.201 billion euros by issuing 200.099 million ordinary registered shares with no par value. The New Shares will carry full dividend rights starting from 1 January 2016.

E.ON SE said it will receive gross proceeds of approx. 1.35 billion euros from its
capital increase.

In view of the impact by the payment of the risk surcharge to Germany's state-run nuclear fund in mid-2017, the purpose of the capital increase is to strengthen the equity and liquidity basis of E.ON SE.

As part of the transaction, E.ON SE has agreed to a 6 months lock-up period with respect to any transaction related to its shares, subject to customary exceptions, including offering its shares to its shareholders in the context of a scrip dividend.

The New Shares will be admitted to trading on the regulated markets of the Berlin, Dusseldorf, Frankfurt, Hamburg, Hannover, Munich and Stuttgart stock exchanges with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange without publication of a prospectus. Delivery and settlement is expected to occur on or about 22 March 2017.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision. American Airlines Group Inc. (AAL) reported a profit for the first-quarter 2017 that declined 66.6 percent from last year, reflecting a 37.8 percent increase in consolidated fuel expense. But quarterly total operating revenues increased 2.0 percent. Both adjusted earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT